Tech giants are paying a lot less tax than some of the biggest companies in the US

The US corporate tax rate is about 35%, but most of the American
tech giants are paying much less than that in taxes.

According to an analysis by financial research website
WalletHub, charted for us by Statista, the effective tax
rate paid by US tech companies, like Apple, Microsoft, and
Google, was well below the 28.6% average rate paid by the
100 biggest S&P companies. Facebook was the exception
with an effective tax rate of 41%, but the social networking
company has paid a higher rate in past years and recouped some of
the money in tax deductions,
according to Quartz.

One way these tech giants are lowering their tax bills is by
stashing most of their profits overseas, where lower
international tax rates apply. Apple, for example,
keeps most of its cash offshore, and openly says it's keeping
it overseas to avoid the high US corporate tax bills.